Although social capital has been often debated in the last 20 years, there is a widely accepted definition missing and the approaches to measure its size are not very developed. Therefore, the definitions of social capital are stated and analysed, whether they are appropriately designed also for...

Last global financial crisis resulted in common among developed countries implementation of expansionary fiscal policy as an anti-recession tool. This led to the renewal of academic discussion on stabilization effectiveness of fiscal policy. In this context, the main research goal of this paper...

The aim of the study is to assess fiscal sustainability in the Czech Republic, Hungary and Poland and to test for existence of fiscal dominance in these countries in the context of the fiscal theory of the price level. The empirical study is conducted using unit root tests and cointegration...

Industrial structures in the “catching up” type of countries usually are not too competitive in nature, and mainly they differ in the low share of high-technology products in the international trade. The aim of the conducted studies was an attempt to search for directions, as well as the...

The article is devoted to measuring the effectiveness of institutional systems of developed countries in terms of their relevance to the requirements of the global knowledge-based economy. The aim of the article is to evaluate the results obtained by Visegrád Group in relations to OECD...

The paper focuses on the issue of the aggregation problem which is frequently discussed within spatial econometrics. Aggregation problem is one of two aspects of the modifiable areal unit problem (MAUP). The aggregation problem is connected with the volatility of the obtained results occurred...

The smart specialisation is a new EU’s concept towards the regions. It assumes upgrading of innovation and competitivess basing on endogenic potential, in particular, in already existing branches of economy. Smart specialisations should, by definition concentrate economic resources on chosen...

Many countries, including Poland, have been struggling with increasing state debt. The economists noted that the global financial crisis of 2008-2009 significantly impacted the level of foreign debt of these countries. The aim of the study is an analyse of Polish foreign debt in recent years as...

The article is devoted to multivariate analysis of the degree of social cohesion achieved by the individual countries of the European Union. The definition of social cohesion adopted in the analysis is based on a formula defined in the Europe 2020 plan. In the research the zero unitarization...

Currently, technological parks constitute the most organisational and conceptually developed type of innovation centres and entrepreneurship. This results in the fact that they can be encountered in all highly developed countries in the world. They are also formed in the catching-up countries....